CSP INC /MA/ — Director's Dealing 2007

Mar 19, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CSP INC /MA/ (CSPI)
CIK: 0000356037
Period of Report: 2007-03-16

Reporting Person: Lupinetti Alexander R (President/CEO Chairman Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-16	Common Stock	I	1784	$6.01	Acquired	37185	Direct
2007-03-16	Common Stock	I	1784	$10	Disposed	35401	Direct

Footnotes

F1: Exercise of Stock Options

F2: Stock Options